Amazon.com, Inc. (AMZN) Downgraded to Hold at Vetr Inc.

Amazon.com, Inc. (NASDAQ:AMZN) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $885.64 target price on the e-commerce giant’s stock. Vetr‘s price objective suggests a potential upside of 3.38% from the company’s previous close.

Other analysts have also issued research reports about the company. Instinet decreased their price target on Amazon.com to $925.00 in a report on Friday, February 3rd. TheStreet upgraded Amazon.com from a “c+” rating to a “b-” rating in a report on Wednesday, February 8th. Benchmark Co. restated a “buy” rating and set a $950.00 price target on shares of Amazon.com in a report on Friday, December 9th. Evercore ISI restated a “buy” rating and set a $990.00 price target on shares of Amazon.com in a report on Monday, November 28th. Finally, Citigroup Inc decreased their price target on Amazon.com from $965.00 to $960.00 and set a “buy” rating on the stock in a report on Monday, November 28th. Six investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $939.08.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (NASDAQ:AMZN) traded up 0.55% during mid-day trading on Monday, hitting $856.97. 2,282,727 shares of the stock were exchanged. The stock’s 50 day moving average is $841.00 and its 200 day moving average is $801.26. Amazon.com has a 12 month low of $538.58 and a 12 month high of $860.86. The firm has a market cap of $408.92 billion, a P/E ratio of 174.89 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.19. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. Amazon.com’s quarterly revenue was up 22.4% compared to the same quarter last year. Analysts expect that Amazon.com will post $7.18 EPS for the current fiscal year.

Your IP Address:

In other Amazon.com news, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total transaction of $501,500.00. Following the transaction, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Zapolsky sold 503 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now directly owns 2,523 shares in the company, valued at approximately $2,144,550. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Dodge & Cox bought a new position in Amazon.com during the fourth quarter worth $754,000. Israel Discount Bank of New York GFN bought a new position in Amazon.com during the fourth quarter worth $212,000. Norges Bank bought a new position in Amazon.com during the fourth quarter worth $2,736,365,000. Infrastructure Capital Advisors LLC bought a new position in Amazon.com during the fourth quarter worth $1,140,000. Finally, Sowell Financial Services LLC bought a new position in Amazon.com during the fourth quarter worth $1,548,000. 65.08% of the stock is currently owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.